UK

Winning orders is not the big problem for many young businesses - it is finding cash to process them and keep the business going while waiting to be paid.

The management team of Myson Pumps, one of Europe’s largest producers of domestic pumps, has received an asset-based funding solution for an undisclosed amount from the Cambridge office of GE Capital Commercial Finance.

Leading independent finance firm Bibby Financial Services has been awarded a prestigious marketing prize by the Institute of Public Relations.

According to research conducted by the Bibby Group of Factors, time and again the festive season leaves small businesses high and dry as they fail to adequately prepare for the Christmas rush.”

Close Invoice Finance Ltd, the factoring and invoice discounting subsidiary of Close Brothers Group plc, has purchased the book of Singer & Friedlander Factors Ltd.

In a bid to help motor dealers increase their finance sales, leading new and quality used vehicle finance specialist, Singer & Friedlander Finance Ltd, has adjusted its acceptance fee pricing strategy on finance agreements to enhance dealer sales.

After remaining relatively stable over the past three months, November saw the seasonally-adjusted Purchasing Managers’ Index (PMI – a composite indicator designed to provide an overall view of the manufacturing economy) fall to its lowest level s

Lloyds TSB Commercial Finance in Birmingham has demonstrated its commitment to its long standing customer Sandwell Castings by arranging a finance package to enable the management team to buy the business from administrative receivers.

The latest research by the Credit Management Research Centre (CMRC) has revealed that British businesses have reported a significant decline in the time taken to pay outstanding invoices.

Lloyds TSB Commercial Finance has introduced its team of asset based lending specialists to an audience of professional advisers at a reception in London.